Congress pumped over $6 trillion in cash into the economy over the past year-and-a-half in response to the coronavirus pandemic, with the federal debt reaching over $28.5 trillion in June. Combined US debt, which includes federal liabilities plus other public and private obligations, stands at over $85 trillion, or four times the US’ annual GDP. The Treasury Department moved to invoke � [...]

The country’s economy is cratering, there are shortages of fuel and medicines, and people are going hungry on the streets. Yet what does the West worry most about? Hezbollah helping the starving get food. Lebanon’s caretaker Prime Minister Hassan Diab has warned the international community that the country could collapse in days, as even Israel offers aid fearing the expansion of Lebanese H [...]

As the US runs out of concrete resources to sell, bankers have had to get clever - whether this means repackaging assets already sold six times over or inventing new ways to cash in on items once considered intangible. By the time Americans realized that the promised ‘trickle-down’ theory of neoliberal economics was in fact more of a speedy trickle-up, the government had all but destroyed [...]

Foreign investors and entrepreneurs show growing interest in the development of the Northern Sea Route (NSR), Russian Ambassador at Large for the Arctic Cooperation at the Ministry of Foreign Affairs Nikolay Korchunov told TASS. According to him, international businesses “have high practical demand for Arctic projects, whose long-term strategy stipulates the year-round use of NSR as a main tran [...]

Capitalism has made us cruel. My brother just tested positive for Covid. He can’t smell or taste anything. He feels exhausted. He got it from work. It’s the only place he’s gone for the last year— no friends, no dating, no social life. They wouldn’t give him time off to get vaccinated. They’ve dumped overtime on him for the last month, and they never tell him his schedule more than [...]

Seven years of negotiations have concluded just days after Brussels and London agreed on a post-Brexit trade deal and ahead of tensions with the incoming Biden administration, according to reports. China and the European Union announced a long-awaited investment deal confirmed by Chinese president Xi Jinping and European Commission president Ursula von der Leyen, media reported on Wednesd [...]

The digital yuan cryptocurrency developed by China has the potential to be a gamechanger when it is rolled out fully. By ending the world’s reliance on the dollar, it will alter the geopolitical landscape forever. For several years now, China has been developing the digital yuan, the first cryptocurrency from a central bank and government in the world. And it’s nearing completion. [...]

Debates in Congress over a new COVID-19 relief bill have dragged on for months, even as new coronavirus cases have hit record highs. A slew of federal programs designed to alleviate the economic impacts of pandemic shutdowns will expire in weeks, setting the stage for a series of crises that could leave millions more in the US hungry and homeless. As the COVID-19 pandemic and its associat [...]

Stephen Vizinczey says all a great power has to do to destroy itself is persist in doing the impossible... Like bankruptcy, societies and complex systems collapse slowly then all at once. The cycles that civilisations go through are well documented and whilst in hindsight it’s glaringly obvious to understand what drove the breakdown, in real time we are often too close and too invested trying t [...]

The continuing surge of coronavirus cases across the US along with the inevitable restrictions that are employed to stave off the spread of the pandemic are forecast to weigh heavily on economic recovery. The US economy is predicted as heading towards a potential contraction in economic growth early next year, marking the first "double dip" recession in the country’s history since the e [...]

Given the continued disruptions caused by the pandemic and uncertainty about a vaccine, it would behoove the countries of the world to dial down tensions and expand collaborations, writes Vijay Prashad. In mid-October, the International Monetary Fund (IMF) released its World Economic Outlook report, which offered some dizzying data. For 2020, the IMF estimates that the global Gross Domestic P [...]

Ten members the Association of Southeast Asian Nations (ASEAN) and five other Asia-Pacific countries, including regional leader China, have inked the world’s largest free-trade pact that covers nearly a third of global economy. The long-discussed agreement, officially known as the Regional Comprehensive Economic Partnership (RCEP), was signed on the sidelines of the annual ASEAN summit on S [...]

Fifteen Asia-Pacific nations including China and Japan plan to sign the world’s biggest free trade deal this weekend. The FTA will cut tariffs, strengthen supply chains with common rules of origin, and codify new e-commerce rules. The Regional Comprehensive Economic Partnership (RCEP) is expected to be announced at the Association of Southeast Asian Nations (ASEAN) Summit, which Vietnam is [...]

More than 50 percent of small and medium-sized businesses (SMEs) operating in Europe’s top-five economic powerhouses fear they will have to close in 12 months as they’re struggling to stay afloat amid the coronavirus crisis. The pandemic has pushed down the revenues of more than 70 percent of European companies, according to the results of the McKinsey survey of over 2,200 SMEs in five Eu [...]

A number of recent reports suggest that the financial risk from climate change could be much greater than previously anticipated, and that entire asset classes could come under fire as temperatures continue to rise. Trillions of dollars of market value could go up in smoke due to climate change. The damage hits the global economy in multiple ways. The first is the most obvious. Physical da [...]

Ratings agency Standard & Poor’s (S&P) has downgraded engine maker Rolls-Royce’s credit rating to junk, citing the disruption caused to global air travel from the coronavirus pandemic. The British company’s rating has been lowered to “BB” from “BBB”, (below investment grade) in response to Rolls-Royce’s worsening near-term prospects as whole fleets of planes remain gro [...]

The US Federal Reserve’s balance sheet could skyrocket to more than $9 trillion by the end of this year, amid massive interventions to shield the economy from the coronavirus pandemic, according to the Financial Times. RT’s Keiser Report looks at the chart, showing that in 2007 there was “barely anything” on the Fed’s balance sheet. “The crisis hit in 2008 and you see the injustice [...]

We'll be looking at: - What is The Great Reset? - What is the World Economic Forum? (WEF) - What is the significance of Davos, Switzerland? - Who pays for the Davos conference? - Who are the key players involved? - What is the 4th Industrial Revolution? - And finally, could there be a potential financial reset? - What does all this mean for you? If you enjoy my videos, please remember to click [...]

An empire is at its most dangerous when it’s failing. With less and less to lose, it continues to try to do the impossible by doubling down on past mistakes. But history tells us that empires fall from within. If so, technically, how does a modern empire meet its inevitable fate? Author Charlie Robinson joins host Ross Ashcroft to discuss the fall of the American Empire. [...]

The Arctic Palladium project which involves development of several platinum-group metal deposits on Russia’s Taimyr Peninsula is nearing completion. It is expected to turn Russia into the world’s top producer of platinum metals. The platinum-group metals (PGMs) is a group of six metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum. They have similar physical and chemical p [...]

While the world’s second-largest economy, China, has suffered its first contraction on record due to the Covid-19 pandemic, some experts argue the country has been preparing for a possible crisis for a long time. RT talked to economists to find out if Beijing may have foreseen the economic crash and about the Chinese government’s response to it. “Nobody, including Beijing, could have [...]

During my 40-year Wall St career, I’ve never seen a mania like this. The problem is that central banks are rogue hedge funds with printing presses who are not elected or accountable and make policies that are consistently wrong. US stock markets were rocked last week by massive volatility that saw the most significant declines since the March correction. The US Congress and Federal Reserve polic [...]